Belrise Industries Stock Price: 42 Times Over Subscribed, Stock Listed at ₹100 Today, Check Other Details

Belrise Industries Stock Price: IPO of  Belrise Industries worth  ₹ 2,150 crore was offered last week at ₹ 90 per share. It showed huge response from public and subscribed 41.3 times which indicates strong interest of  investors. Belrise Industries prepares automotive components, a wide range of safety-critical systems and other engineering solutions for four-wheelers, three-wheelers, two-wheelers, vehicles.

What was Listing Price of Belrise Industries Today?

The ₹2,150 crore IPO was fully fresh issue of 23.89 crore shares. There was no offer-for-sale component in the IPO. The  company offered these shares to clear debt and for general corporate purposes. Qualified Institutional Buyers (QIBs) subscribed 108.35 times and non-institutional investors (NII) subscribed 38.33 times. Retail investors subscribed 4.27 times. Overall subscription was around 42 times.
The share of Belrise Industries listed at ₹100 today on the NSE which shows a premium of 11.11% over its issue price of 90 per share. On the other hand at BSE, it listed at ₹98.5 per share which shows a premium of 9.44%. Minimum application quantity for the IPO was 166 shares. The applicants who were allotted the shares, got ₹ 10 listing gain per share. It means in one lot, they earned ₹1660 (166 x 10).

How the Belrise Industries Share Behaved Today? What are Future Expectations?

On NSE, Belrise Industries Share listed at 100 today on the opening of market. In first 30 minutes of market time, share reached its day high of 102.40 and  also its day low of  91.55. Thereafter, it became range bound and was moving between  92 and 100 throughout the day and closed on 97.08. As IPO was oversubscribed by more than 40 times and QIBs subscribed it by more than 100 times, there is still potential left to move up as per experts.

Belrise Industries Stock Price was at 100 today at the time of listing on NSE and its high was 102.4 and low was 91.55 for the day. As per experts it can rise more in upcoming days.